Terna

The Hellenic Republic Asset Development Fund SA (TAIPED) announced on Monday that six interested parties have submitted expressions of interest for the lease of a number of Larco General Mining & Metallurgical Company assets, namely its Larymna smelting plant, the Larymna and Loutsi mines and relevant mining rights, and other assets owned by the Greek state.

This Friday is the deadline for bids in the final stage of the tender for the extension of Pier 6 of Thessaloniki Port Authority (OLTH).

Work begins on Saturday on the new waste management system in the Peloponnese, the biggest of its kind in Greece.

Friday will see the signing of the concession agreement, granting Terna Energy the rights to start operating the system managing the waste of Corinthia, Arcadia, Argolida, Messinia and Lakonia in 10 months' time.

Greek stocks staged a remarkable turnaround on Thursday, as they swapped losses for gains, boosted by the reversal of bank stocks' fortunes. This was mainly seen as a reaction to the recent decline of prices from the January 4 peak, and was implemented on the highest daily turnover so far this year.

Greek stocks suffered extensive losses at the end of the week, underperforming their peers across most of the continent. While the prospect of the share capital increases in banks takes its toll on the local market in general, the trend for sales was universal, affecting even the majority of small-caps.

Despite the early euphoria on most European markets after the peaceful inauguration of Joe Biden in Washington, which led Asian stocks higher too, the afternoon saw prices slide at Athinon Avenue, led by banks. Traders would have liked to hear some more concrete comments from the European Central Bank on Thursday other than Frankfurt's decision to stay put.

The European Commission on Monday gave the Greek Infrastructure Ministry the nod for the construction of the northern part of European route E65 the runs from Trikala to Grevena.

The benchmark of the Greek stock market ended the week at its lowest level since Christmas, with traders remaining reserved about the course of the economy as the pandemic continues to break one record after another internationally.

The Greek bourse began the day on an upward course on Tuesday, but as the session went on it started losing steam and eventually settled for moderate losses for the benchmark. It ended up below the 800-point mark for the first time in more than two weeks.

The Greek stock market picked up the pace again on Thursday, with the benchmark gaining ground on increased turnover, although banks tipped the balance between winners and losers in favor of those that headed lower. Energy stocks are showing notable resilience, which in the view of investors points to a positive outlook for the economy in general.